Dangote Cement Plc has sustained its position as a leading contributor to Nigeria’s economy with a tax charge of N173.93 billion for the financial year ended 31st December 2021. According to the cement group’s audited results released on the portal of the Nigerian Exchange Ltd (NGX), the tax charge represents an increase of 78.7 per…
Kwara State Internal Revenue Service (KW-IRS) on Tuesday announced that it generated N9,598,504,939.90 in the first quarter of 2021, a feat it credited to its increased adoption of technology and steady blockage of leakages within the tax administration system. The figure is the highest ever collected by the agency without any extraordinary item at any…
In its efforts to increase revenue in this economy downturn, the Federal Government may begin to collect tax from Nigerians on petrol, diesel, kerosene and other petroleum products they consume. In a report made available to the Ministry of Finance, the Petroleum Products Pricing Regulatory Agency, PPPRA, disclosed taxation of petroleum products is revenue potential…
A court in Akure has granted a request by the Ondo State Board of Internal Revenue to seal offices of Zenith Bank in Akure and Ondo for refusing to pay tax to the state government. On Monday, November 17, 2014, tax officials from the state stormed the offices of the financial institution and locked them.…